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Former Live Well Bond Maven Avoids Prison Time

Former Live Well Bond Maven Avoids Prison Time

Saturday, 14 October 2023
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Live Well Financial’s former chief bond trader, Darren Stumberger, has been sentenced to time served over his role in the fraud scheme that forced the mortgage company into bankruptcy. So reports Richmond BizSense. Read more...
Who Makes the Best Mentor?

Who Makes the Best Mentor?

Saturday, 07 October 2023
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Mentoring is a time intensive activity. So much so that this is sometimes the main reason a vast majority of managers have refused to bring in novice loan officers in the past. Or, if they do, the loans officer does not get the direction they need. Read more...
Newrez Opens Onward Home Mortgage with Keller Williams

Newrez Opens Onward Home Mortgage with Keller Williams

Saturday, 07 October 2023
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Mortgage lender and servicer Newrez has teamed up with Keller Williams Georgia Legacy Group to roll out a new joint venture mortgage company, Onward Home Mortgage. So reports TheMReport. Read more...
Washington Trust Settles Redlining Case for $9M

Washington Trust Settles Redlining Case for $9M

Saturday, 07 October 2023
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Washington Trust has agreed to pay $9 million to settle allegations that the 200-year-old community bank discriminated against Black and Hispanic borrowers. So reports The Providence Journal. Read more...
Real Estate CEO Admits to Falsifying Mortgage Documents

Real Estate CEO Admits to Falsifying Mortgage Documents

Saturday, 07 October 2023
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A former Michigan real estate executive now based in California faces up to five years in prison after pleading guilty to a scheme to falsify documents submitted to mortgage lenders, according to federal authorities. So reports The Real Deal. Read more...
Rocket Pro TPO Expands Its Conforming Loan Limits

Rocket Pro TPO Expands Its Conforming Loan Limits

Monday, 02 October 2023
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In November the Federal Housing Finance Agency (FHFA) typically publishes the changes to its conforming loan limits for loans purchased by Fannie Mae and Freddie Mac. The Housing and Economic Recovery Act (HERA) requires that the baseline conforming loan limit be adjusted each year to reflect the change in the average U.S. home price. Since housing prices… Read more...
Ask The Expert: What Can I Do, My Firm Won't Train Me Correctly?

Ask The Expert: What Can I Do, My Firm Won't Train Me Correctly?

Saturday, 30 September 2023
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Sal in California wrote in: "I’m a new originator with less than one year in the business. I came into loans after 10+ years as a real estate agent. I have several agent friends that have sent clients to me, so I am doing better than most others I know that are new in the… Read more...
Are Your LOs Ready to Sell in the AI Age?

Are Your LOs Ready to Sell in the AI Age?

Saturday, 30 September 2023
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With the mainstreaming of ChatGPT and similar applications, there's no turning back from artificial intelligence (AI). Read more...
Live Well Financial CEO Loses Second Bid for New Trial

Live Well Financial CEO Loses Second Bid for New Trial

Saturday, 30 September 2023
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A federal judge has denied Live Well Financial CEO Michael Hild’s most recent request for a new trial following his fraud conviction. So reports Richmond BizSense. Read more...
Mortgage Machine Launches Origination Platform for Lenders

Mortgage Machine Launches Origination Platform for Lenders

Saturday, 30 September 2023
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Mortgage Machine Services has introduced its eponymous Mortgage Machine platform, an “out-of-the-box, all-in-one” loan origination system meant to speed up operations for residential mortgage lenders. So reports MortgageOrb. Read more...

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